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Nigeria stocks lower at close of trade; NSE 30 down 1.05%

Published 10/17/2016, 01:15 PM
Updated 10/17/2016, 01:15 PM
© Reuters.  Nigeria stocks lower at close of trade; NSE 30 down 1.05%

Investing.com – Nigeria stocks were lower after the close on Monday, as losses in the Oil & Gas, Food, Beverages & Tobacco and Banking sectors led shares lower.

At the close in Lagos, the NSE 30 fell 1.05% to hit a new 1-month low.

The best performers of the session on the NSE 30 were Wemabank (LAGOS:WEMABAN), which rose 6.45% or 0.040 points to trade at 0.660 at the close. Meanwhile, Skye Bank (LAGOS:SKYEBAN) added 1.61% or 0.01 points to end at 0.64 and Stanbicibtc Hl (LAGOS:IBTC) was unchanged 0.00% or 0.00 points to 16.50 in late trade.

The worst performers of the session were Nig Brew (LAGOS:NB), which fell 3.13% or 4.65 points to trade at 145.00 at the close. Fbn Holdings (LAGOS:FBNH) declined 2.32% or 0.070 points to end at 2.950 and Fidelitybk (LAGOS:FIDELIT) was down 2.22% or 0.020 points to 0.880.

Falling stocks outnumbered advancing ones on the Lagos Stock Exchange by 24 to 7 and 61 ended unchanged.

Shares in Fbn Holdings (LAGOS:FBNH) fell to all time lows; down 2.32% or 0.070 to 2.950.

Crude oil for November delivery was down 1.01% or 0.51 to $49.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.96% or 0.50 to hit $51.45 a barrel, while the December Gold contract rose 0.12% or 1.45 to trade at $1256.95 a troy ounce.

EUR/NGN was down 1.46% to 346.680, while USD/NGN fell 1.35% to 315.000.

The US Dollar Index was down 0.22% at 97.86.

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